Update - Daily Technical Levels from FXCC – 21 Sep 2011

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Update - Daily Technical Levels from FXCC – 21 Sep 2011

EUR/USD Intraday Technical Levels:

Pivot: 1.3725
Preference: Short positions below 1.3725 with targets @ 1.3595 & 1.3555 in extension.
Alternative Scenario: Above 1.3725 look for further upside with 1.378 & 1.3835 as targets.
Comment: the RSI has broken below a rising trend line, the pair remains under pressure and is challenging its support.

USD/JPY Intraday Technical Levels:

Pivot: 76.55
Preference: Short positions below 76.55 with targets @ 76.1 & 76 in extension.
Alternative Scenario: Above 76.55 look for further upside with 76.75 & 77 as targets.
Comment: the RSI remains capped by a declining trend line, the pair stands below its resistance.

GBP/USD Intraday Technical Levels:

Pivot: 1.57
Preference: Short positions below 1.57 with targets @ 1.561 & 1.557 in extension.
Alternative Scenario: Above 1.57 look for further upside with 1.576 & 1.5825 as targets.
Comment: the pair has struck against its resistance and remains on the downside.

Daily Technical Levels from fxcc.com
Source: FX Central Clearing ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC